Bharat Dynamics IPO
The missile maker Bharat Dynamics listed through a government offer for sale.
- Company
- Bharat Dynamics (BDL)
- Type
- IPO
- Status
- Completed
- Date
- 15 Mar 2018
- Value
- INR 9.5bn
- US$ equivalent
- US$139m
- Value basis
- ₹950.35 crore to the Government for 12.25% of BDL; all secondary, the company received no proceeds
- Region
- India
- Segment
- Listed equity
Parties
- Bharat Dynamics issuer
- Government of India (Ministry of Defence) selling shareholder
Key terms
- Offer
- Offer for sale by the President of India, acting through the Ministry of Defence
- Bid/offer period
- 13-15 Mar 2018
- Book running lead managers
- SBI Capital Markets, IDBI Capital Markets & Securities and YES Securities
- Government holding after
- 87.75%
Sources
- Bharat Dynamics red herring prospectus (BSE) bseindia.com · 5 Mar 2018
- DIPAM: disinvestment receipts 2017-18 dipam.gov.in · 2018
Record DEF-INV-2018-0012. Investments are kept apart from the financings register and never counted in debt totals.
